Despite pleas for clemency from the White House, Singapore not only appears determined to carry out its caning sentence on American teenager Michael Fay, but is planning the same punishment for another youth. A second American, who was arrested for vandalism along with Fay, is still on trial. Singapore's Senior Minister and predominant political personality, Lee Kuan Yew, 70, recently addressed this and other issues of U.S. policy with managing editor James R. Gaines, chief of correspondents Joelle Attinger, Southeast Asia bureau chief William Dowell and senior correspondent Sandra Burton. Excerpts: